Kingdom Holding Company’s profits decline by 35% in H2 to SAR 405.1 million

11 Aug 2025

Riyadh - Maaal

Kingdom Holding Company announced a 35.1% decline in net profit to SAR 405.1 million during the second quarter of 2025, compared to SAR 624.2 million in the same quarter of last year. This came after today’s announcement of the financial results for the period ending June 30, 2025.

Operating profit reached SAR 653.9 million in the second quarter of 2025, compared to SAR 868.3 million in the same quarter of the previous year, a decrease of 24.6%.

Earnings per share amounted to SAR 0.23 in the second quarter, compared to SAR 0.22 in the same quarter of the previous year.

اقرأ المزيد

According to the company, the reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is due to a decrease in the share of results of investee companies using the equity method and a decrease in other net gains. Increase in hotel costs and other operating costs, decrease in finance revenue, decrease in dividend income, increase in general, administrative, and marketing expenses, increase in withholding tax and income tax expenses, decrease in hotel revenue and other operating income, despite increase in gains from the sale of equity-accounted investees, increase in gains from the sale of investment properties, decrease in financial expenses, and decrease in zakat expense.

The increase in net profit during the current period compared to the same period of the previous year is also due to increase in gains from the sale of equity-accounted investees, increase in dividend income, decrease in zakat expense, decrease in financial expenses, and increase in other net gains. The decrease in withholding tax and income tax expenses, despite decrease in share of results of equity-accounted investees, decrease in gains from the sale of investment properties, decrease in finance revenue, increase in hotel costs and other operating costs, decrease in hotel revenue and other operating income, and increase in general, administrative, and marketing expenses.